Yes

>>Donald Trump's proposed tariffs on China triggered over $19 billion in cryptocurrency market losses.

Donald Trump's proposed tariffs on China triggered over $19 billion in cryptocurrency market losses.

crypthub

about 16 hours ago

Cryptocurrency Market Overview

Bitcoin has achieved a new record high, while Ethereum is approaching a key test at the $4,800 level, signaling potential breakout activity among traders. Analysis suggests continued upward momentum for Bitcoin.

Bitcoin Price Action

Bitcoin's price briefly dipped below $120,000 following a substantial tariff threat from the United States to China. This development impacted market sentiment and temporarily pressured the cryptocurrency.

Institutional Investment in Crypto

A recent survey conducted by State Street projects a doubling of institutional cryptocurrency exposure by the year 2028. This indicates growing acceptance and integration of digital assets within traditional financial institutions.